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Energy Sector

  • Energy TransitionIn the News

    New Africa Energy Bank to Invest $5 Billion in Oil and Gas Projects

    by Motoni Olodun March 31, 2024
    by Motoni Olodun March 31, 2024

    A newly established Africa Energy Bank has announced plans to invest a substantial $5 billion in various oil and gas projects across the continent. The bank’s ambitious investment strategy aims …

  • Energy Transition

    New Dawn in Gambia’s Energy Sector

    by Motoni Olodun March 25, 2024
    by Motoni Olodun March 25, 2024

    Gambia’s outgoing Minister of Petroleum and Energy, Fafa Sanyang, has handed over the reins of the ministry to his successor, Sheikh Omar Faye. This transition marks a new chapter in …

  • In the News

    Sintana Energy Unveils Progress in Namibia’s Orange Basin Exploration

    by Motoni Olodun March 22, 2024
    by Motoni Olodun March 22, 2024

    Sintana Energy, a leading figure in the energy sector, has unveiled significant strides in its exploration endeavors within Namibia’s Orange Basin. The latest developments mark a pivotal advancement in unlocking …

  • In the News

    Eskom Faces Uphill Battle in Funding Grid Upgrade

    by Motoni Olodun March 15, 2024
    by Motoni Olodun March 15, 2024

    South Africa’s power utility, Eskom, grapples with mounting financial hurdles as it seeks funds to overhaul its electricity grid. The state-owned company faces a daunting task in securing the necessary …

  • Energy Transition

    South Africa to Abolish Electricity Minister by End of 2024

    by Motoni Olodun March 13, 2024
    by Motoni Olodun March 13, 2024

    South Africa is poised to make a ground-breaking move in its energy sector, signalling the imminent end of the role of Electricity Minister by the close of 2024. This decision …

  • Energy TransitionIn the News

    Nersa Publishes Licences for Independent NTCSA

    by Ikeoluwa Juliana Ogungbangbe February 3, 2024
    by Ikeoluwa Juliana Ogungbangbe February 3, 2024

    Nersa officially releases licenses for the National Transmission Company South Africa (NTCSA) in a pivotal step towards energy sector restructuring.

  • In the NewsOil & Gas

    Tullow Oil Set to Generate $600 Million Free Cash Flow, Boosting Shares by 8%

    by Ikeoluwa Juliana Ogungbangbe January 25, 2024
    by Ikeoluwa Juliana Ogungbangbe January 25, 2024

    Tullow Oil anticipates a significant cash flow increase, backed by its Jubilee South East project, driving shares up by 8%.

  • In the News

    Dan Marokane Set to Begin Role as Eskom CEO on March 1, 2024

    by Ikeoluwa Juliana Ogungbangbe January 22, 2024
    by Ikeoluwa Juliana Ogungbangbe January 22, 2024

    Dan Marokane, appointed as Eskom’s CEO, is set to take office on March 1, 2024, amid expectations of transformation

  • Energy TransitionIn the NewsMarkets

    Energean Continues Strong Performance Despite Security Concerns

    by Ikeoluwa Juliana Ogungbangbe January 19, 2024
    by Ikeoluwa Juliana Ogungbangbe January 19, 2024

    Energean, a prominent independent gas producer, has released impressive results, maintaining its trajectory towards achieving a daily production goal of 200,000 barrels of oil equivalent (boepd) despite geopolitical tensions. CEO …

  • In the News

    US Energy Stocks Set to Soar Amid Red Sea Crisis

    by Victor Adetimilehin January 15, 2024
    by Victor Adetimilehin January 15, 2024

    Geopolitical risks driving up oil prices could potentially position the energy sector for a comeback after lagging behind the rest of the US stock market for months. The S&P 500 …

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  • British International Investment Commits $20 Million to Anzana to Build Hydropower Across Africa
  • Savannah Energy grows Nigeria output 8% and revenue 17% in four months
  • NNPC Profit Surges to N481 Billion in April as Oil Revenue Nearly Doubles
  • Exxon, Chevron Warn Oil Prices Could Surge as Global Supply Tightens

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Sahara Group Launches Mauritania Bunkering Operations to Boost West Africa Maritime Trade
British International Investment Commits $20 Million to Anzana to Build Hydropower Across Africa

Latest Stories

Sahara Group Launches Mauritania Bunkering Operations to Boost West...
British International Investment Commits $20 Million to Anzana to...
Savannah Energy grows Nigeria output 8% and revenue 17%...

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